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The Guardian - US

Business

Dharna Noor, Michael Sainato and agencies

ExxonMobil and Chevron gather investors after latest big oil mega deal

Chevron Exxon Oil ExxonMobil Marathon Oil ConocoPhillips Darren Woods Pioneer United States

side by side images of men in suits — Exxon Mobil chief executive Darren Woods, left, and Chevron chair Mike Wirth. Composite: Reuters, Bloomberg via Getty Images

Shareholders in ExxonMobil and Chevron gathered for the big oil giants’ annual meetings on Wednesday amid scrutiny from lawmakers and climate activists.

Hours before they convened, another US energy conglomerate, ConocoPhillips, announced plans to buy Marathon Oil in an all-stock deal worth about $17.1bn – rendering it the latest firm to place a vast bet on the future of fossil fuel production.

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